Farming has to be one of the most difficult careers if our (lack of) success at gardening is any indicator. By no means are we farmers, but from what we do know about growing food, it’s important to periodically let your fields lie fallow. This allows the soil a chance to rest and restore some nutrient balance. It’s counterintuitive, it certainly feels like taking time off from growing crops is going to hurt your bottom line but it’s incredibly necessary for the long-term health of the soil, as well as the success of the farmer. And we think the same is true when it comes to giving our money away. It sure doesn’t sound like a vital ingredient in a wealth-building formula, but we think that it actually is. And when we constantly talk about the different ways that we can work to have more money- whether that’s through spending less or earning more, we think it’s important to hit pause to encourage folks to do the opposite. We truly do believe that by giving away our money- even by starting out with small amounts, that we’re going to end up better off in the end. Listen as we discuss why we believe this to be true, who should be donating their money, how much we should be giving away, and some practical tips to help you to part with more of your money!

 

Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:

• Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here. 
• Sign up for the weekly HTM newsletter. It’s fun, free, & practical.
• Join a thriving community of fellow money in the HTM Facebook group.
• Find the best credit card for you with our new credit card tool!
• Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile.
• Don’t be cheap and forego getting a life insurance policy. Compare rates with Policygenius.

During this episode we enjoyed a Peach Cobbler American-Style Sour by Shades Brewing- thanks Andy for donating this one to the pod! And please help us to spread the word by letting friends and family know about How To Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!

 

Best friends out!

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